Antero Resources Corporation $AR Shares Acquired by Merit Financial Group LLC

Merit Financial Group LLC boosted its position in Antero Resources Corporation (NYSE:AR) by 59.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 40,207 shares of the oil and natural gas company’s stock after buying an additional 14,920 shares during the period. Merit Financial Group LLC’s holdings in Antero Resources were worth $1,413,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brandywine Global Investment Management LLC increased its position in shares of Antero Resources by 77.8% during the fourth quarter. Brandywine Global Investment Management LLC now owns 215,470 shares of the oil and natural gas company’s stock valued at $7,425,000 after acquiring an additional 94,260 shares in the last quarter. Kailix Advisors LLC lifted its position in Antero Resources by 15.5% in the 4th quarter. Kailix Advisors LLC now owns 374,484 shares of the oil and natural gas company’s stock valued at $12,905,000 after acquiring an additional 50,150 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its position in Antero Resources by 10.8% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 659,986 shares of the oil and natural gas company’s stock valued at $22,743,000 after acquiring an additional 64,378 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Antero Resources by 1,399.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 67,016 shares of the oil and natural gas company’s stock valued at $2,309,000 after acquiring an additional 62,547 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Antero Resources by 22.5% during the 4th quarter. Bank of New York Mellon Corp now owns 3,101,208 shares of the oil and natural gas company’s stock valued at $106,868,000 after purchasing an additional 569,817 shares during the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on AR. UBS Group lifted their target price on Antero Resources from $50.00 to $52.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Texas Capital raised Antero Resources to a “strong-buy” rating in a research report on Thursday, June 25th. Truist Financial reduced their price objective on Antero Resources from $56.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Williams Trading set a $56.00 target price on Antero Resources in a research report on Monday, April 20th. Finally, Bank of America upped their target price on shares of Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Three investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Antero Resources currently has a consensus rating of “Moderate Buy” and an average target price of $48.31.

Antero Resources Trading Down 1.0%

NYSE:AR opened at $37.45 on Thursday. The company has a market cap of $11.51 billion, a PE ratio of 10.76 and a beta of 0.34. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.29. The company has a 50 day simple moving average of $34.81 and a two-hundred day simple moving average of $36.62. Antero Resources Corporation has a 12 month low of $29.10 and a 12 month high of $45.75.

Antero Resources Profile

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.